River Trace Federal Credit Union was founded in 1956. Headquartered in Richmond, Virginia, River Trace Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). River Trace Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, River Trace Federal Credit Union services 2,964 members through its 2 offices and branches and 8 full-time employees. It has $24,202,567 of total assets and $2,183,147 of net worth. Based on its asset size and net worth ratio, River Trace Federal Credit Union is classified as a Well Capitalized medium small credit union.

River Trace Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. River Trace Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of River Trace Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Virginia and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate

Median of Virginia

Median of USA

Checking

0.0000

0.0000

0.0000

Savings

0.1500

0.1500

0.1200

Money Market

0.2500

0.3000

0.2500

Certificate Deplit

1.2100

0.7500

0.5800

IRA

0.0000

0.6000

0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate

Median Rates of Virginia

National Median Rates

Credit Cards

9.8000

9.9900

9.9900

Unsecured Line of Credits

9.6800

11.8600

10.9500

Short-term Small Amount

n/a

28.0000

25.0000

Student Loans

n/a

5.8800

6.0200

New Car Loans

5.0000

3.9900

3.3300

Used Car Loans

8.5000

5.0000

4.5000

1st Mortgage Real Estates

6.9400

4.2500

4.2500

Other Real Estates

6.9500

4.8500

4.7000

River Trace Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, and ATMs. The table below lists the electronic banking services prlided by River Trace Federal Credit Union.